If you wish to be an entrepreneur, you will likely be told to make a business plan. Despite having great innovative ideas, many fail to execute their ideas effectively. The reason behind the failure is a lack of an effective business plan. This document helps in giving direction to ideas and solidifying visions. Business plans…
A business continuity plan is a document that involves a comprehensive strategy to ensure that during an emergency event or potential disaster, a company can recover from the potential threats. This plan involves a great deal of business impact analysis to identify dependencies, critical functions and vulnerabilities in the organization. Through the understanding of the…
It is always better to have a plan, isn’t it? Planning accelerates the process of achieving organizational goals. It helps your business stay on track by deciding the next steps you need to take. In the world of entrepreneurship, whether you have a small business or an established one, creating a business plan is a…